Cost matters, but the low rate a competitor dangles up front can hide a lot. Here is what actually sets K.W. Receivables apart, and why clients stay with us for years.
When you are choosing a factoring company, there is a lot to weigh beyond cost, because the fees other companies quote can be misleading. A low headline rate often hides escalating charges, buy-back clauses, and a long list of extra fees. Here are the reasons K.W. Receivables stands out when it comes to the level of service you deserve, at a price you can actually understand.
| 1991 Year Founded, Still Family Owned | $1 Billion+ Invoices Purchased | 0 Long-Term Contracts Required | IFA Member, International Factoring Association |
Fixed Fees |
We charge one flat fee off the face value of each invoice, so you know exactly what factoring will cost every time you sell your receivables to us. Most companies charge an escalating fee based on how long collection takes, and that rate can climb as high as 10 percent, which makes accurate budgeting almost impossible. Some will even force you to buy the invoice back if payment doesn't arrive within a set number of days. Others bury extra fees in the fine print that end up costing far more than the low rate they used to get you in the door. |
No Hidden Fees |
Plain and simple, there are no hidden charges. No application fees, account maintenance fees, financing fees, same-day funding fees, setup fees, origination fees, termination fees, postage fees, credit-report fees, or any of the other charges companies dream up to nickel-and-dime their clients. The flat fee you agree to is the fee you pay. |
No Long-Term Contract |
We believe in earning your business, unlike many competitors who tie you into a long-term contract and then charge a substantial fee to get out of it. We think that is unnecessary, because we are confident that once you see what we do and how we treat you, you will want to stay. Many of our clients have been with us for years. But if for any reason you are not satisfied, or you simply no longer need us, you can leave at any time. |
Free Online Tools |
We give you online account management from any computer with an internet connection. You can submit invoices to us online, monitor and track your account activity, review the notes from collection calls we have made on your outstanding invoices, and print detailed reports whenever you need them. |
Accounts Receivable Management |
We handle the entire collection process on every receivable we purchase from you. In effect, we become your accounts receivable department, and we can even run credit checks on current or prospective customers to help you gauge their creditworthiness. Our people have years of receivables-management experience and know how to work through the bureaucratic red tape of large and small companies alike to collect payment efficiently, and just as importantly, professionally. Your customers have to be treated with respect, because without them you don't succeed and neither do we. |
Flexibility |
Unlike banks and many competitors, we are not boxed in by stringent rules and layers of red tape. That means quick decisions and the freedom to tailor a funding program to the specific needs of your business. Every company that comes to us has its own challenges, and we aim to meet them head on, quickly and creatively. |
Family Owned and Operated |
We are family owned and operated, which means we take real pride in how we serve you and we treat you like family. We don't believe in voicemail systems or machine-operated menus. When you call during office hours, a real person answers and can address what you need. Being family owned also gives you direct access to management, without waiting on the layers of approval a larger corporation puts between you and a decision. |
Stability |
When you choose a funding partner, you want one that is reliable and here to stay. K.W. Receivables has been in business since 1991, and because we are family owned we plan to be around for many more years. The firm is backed by several private investors and an established bank line of credit, so we have the capital behind us to fund your growth. |
With recourse factoring, you may have to buy back an invoice your customer never pays. With non-recourse, the factor absorbs more of that credit risk. It is one of the most important questions to ask any factoring company, because it decides who is on the hook if a customer defaults. Ask us how we structure it for your account.
Approval typically takes a day or two, and once you are set up, funding on a submitted invoice often happens the same day. There is no lengthy loan-underwriting process to wait through.
Not the way you would for a bank loan. We look mainly at the creditworthiness of the customers who owe you, since they are the ones who ultimately pay the invoice. That is why factoring works for newer businesses and for companies a bank has already turned down.
Call (281) 446-5444 or fill out our online application for immediate consideration.
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